The price of gold has reached the mark of $ 3,000 per ounce for the first time, because the demand for precious metals increases in an economic context on the impact of a world trade war.
Friday, Spot Gold hit a record of $ 3,004.86, prices that increased by 14% since the start of 2025.
Gold is considered a safe asset for investors and is often sought after during the economic instability.
The climbing of the trade war between the United States and many of its largest trade partners disrupted the financial markets and has raised concerns about the impact on economies and consumers around the world.
The introduction of prices, which are taxes billed on companies that import overseas goods, have fueled fears of price inflation, which led investors to gold.
When prices are imposed on goods, companies are faced with additional costs, which could be transmitted by the price labels of products sold to consumers – increasing the cost of living.
On Thursday, US President Donald Trump threatened a 200% rate on all alcohols from the United States of the European Union (EU) in the last torsion of the trade war.
The announcement has responded to EU plans for a 50% tax on whiskey imports produced by the United States as part of Trump’s general reprisals of the general prices on all steel and aluminum imports in the United States from any country.
The American president has also raised samples from Chinese imports to the United States at least 20%.
“In a context of geopolitical uncertainty and current price changes, the appetite for gold remains strong,” said Suki Cooper, a precious Metals analyst at Standard Charterd.
She added that there were “multiple factors” stimulating gold demand, including central banks continuing to buy it.
Alexander Zumpfe, a precious trader of metals at Heraeus Metals Germany, said that the rise in the rise of Gold was “not yet exhausted”, which suggests that the price per ounce could increase more.
“In the middle of the climbing of geopolitical tensions, the increase in commercial prices and the growing uncertainty of financial markets, investors are looking for more and more stability-and they find it in gold,” he added.
Peaks and hollows of the price of gold took place at some of the key moments in economic history. At the start of the global financial crisis in 2007, investors bought gold as a Haven asset, which led to an increase in its price.
